LONDON (Reuters) -Virgin Atlantic will fly from London to New York on Nov. 28 using 100% sustainable aviation fuel (SAF), after Britain gave it permission, paving the way for a world first as airlines step up efforts to decarbonise travel. Airlines are pinning their hopes on SAF, which uses waste such as cooking oils to …
Virgin Atlantic wins UK permit for 100% sustainable fuel transatlantic flight Read More »
LONDON (Reuters) – The downturn in euro zone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of a recession in the 20-country currency union. The economy contracted 0.1% last quarter, official data has shown, and Monday’s final Composite …
Euro zone economy started Q4 on back foot, stoking recession fears -PMI Read More »
BERLIN (Reuters) – The German service sector slipped back into contraction in October amid persistent weakness in demand, a survey showed on Monday. The HCOB final services Purchasing Managers’ Index (PMI) fell to 48.2 in October from 50.3 in September, sliding back below the 50 level that signals growth in activity. The service sector’s performance …
German service sector activity contracts in October – PMI Read More »
By Victoria Waldersee BERLIN (Reuters) -Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. The source, who declined to be named, did not …
Tesla to build 25,000-euro car at German plant – source Read More »
(Reuters) – European shares were subdued on Monday after the benchmark index posted its biggest weekly jump since March, while Ryanair hit a one-month high following record annual profit. The pan-European index edged up 0.1% by 0810 GMT after jumping more than 3% last week, as investors cheered a string of robust earnings and signs …
European shares muted after strong week; Ryanair hits 1-month high Read More »
LONDON (Reuters) -This week will have plenty to keep financial market traders and investors busy, including whether the Federal Reserve really has hit peak rates, another possible rate rise in Australia, a batch of European bank earnings and the continuing conflict in Gaza. Here’s your week-ahead primer from Marc Jones and Dhara Ranasinghe in London, …
Take Five: You (may) have arrived at your destination Read More »
MOSCOW (Reuters) – Russia will continue the additional voluntary supply cut of 300,000 barrels per day from its crude oil and petroleum product exports until the end of December 2023 as previously announced, Deputy Prime Minister Alexander Novak said on Sunday. Russia has agreed to undertake two separate reductions in oil supply: in April it …
Russia to continue voluntary cut of oil and oil product exports until year-end Read More »
(Reuters) -Scandinavian airline SAS secured an investment agreement with a consortium for restructuring aid of 13.2 billion Swedish crowns ($1.21 billion), with a loan from Castlelake replacing its previous debtor-in-possession financing by Apollo Global Management, the carrier said on Saturday. The winning bidder consortium which also includes Air France-KLM, Lind Invest ApS and the Danish …
SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring Read More »
By Siddharth Cavale and Arriana McLymore NEW YORK (Reuters) – Amazon.com Inc punished its own sellers to limit Walmart’s reach as Walmart got into e-commerce, according to the Federal Trade Commission (FTC). In addition to making $1 billion by using a secret algorithm called “Project Nessie” to push up the prices that U.S. households pay, …
Amazon punished its own sellers to limit Walmart’s reach, FTC says Read More »
By Julia Payne ANTWERP, Belgium (Reuters) – Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in Paris asking him to stop supplying them with Russian stones. He was not the only one. Other diamond firms in Antwerp, the world’s biggest centre …
In diamond centre Antwerp, Russian gems are already shunned Read More »
